Stock market today: Wall Street slips after dispiriting data on the economy, as Meta sinks

NEW YORK (AP) — U.S. stocks fell Thursday on worries about a toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags. A sharp drop for Facebook parent Meta Platforms, one of Wall Street’s most influential stocks, also dragged the market lower.

The S&P 500 was 0.4% lower in late trading after paring an earlier drop of 1.6%. The Dow Jones Industrial Average was down 338 points, or 0.9%, after earlier falling more than 700. The Nasdaq...